Secure Trust Bank (LON:STB) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Posted by KOP Source Staff on Nov 17th, 2024

Secure Trust Bank PLC (LON:STB – Get Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 778.07 ($9.81) and traded as low as GBX 400.13 ($5.04). Secure Trust Bank shares last traded at GBX 408 ($5.14), with a volume of 53,551 shares traded.

Analysts Set New Price Targets

STB has been the topic of several analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 1,420 ($17.90) target price on shares of Secure Trust Bank in a research report on Wednesday, August 14th. Shore Capital reiterated a “house stock” rating on shares of Secure Trust Bank in a research report on Wednesday, October 16th.

Read Our Latest Analysis on Secure Trust Bank

Secure Trust Bank Stock Up 1.5 %

The company has a market capitalization of £76.91 million, a P/E ratio of 297.81, a P/E/G ratio of 0.11 and a beta of 0.87. The company’s 50-day simple moving average is GBX 715.30 and its 200 day simple moving average is GBX 776.60.

Insider Buying and Selling at Secure Trust Bank

In other Secure Trust Bank news, insider Jim Brown purchased 12,600 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was purchased at an average cost of GBX 860 ($10.84) per share, with a total value of £108,360 ($136,559.55). Also, insider Rachel Lawrence acquired 4,094 shares of the stock in a transaction on Friday, November 1st. The stock was bought at an average price of GBX 486 ($6.12) per share, with a total value of £19,896.84 ($25,074.78). Insiders own 14.85% of the company’s stock.

About Secure Trust Bank

(Get Free Report)

Secure Trust Bank PLC provides banking and financial products and services in the United Kingdom. It operates through four segments: Real Estate Finance, Commercial Finance, Vehicle Finance, and Retail Finance. The Real Estate Finance segment provides secured loans against property assets. The Commercial Finance segment provides invoice discounting solutions, coronavirus business interruption loan scheme, and recovery loan schemes.